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To list your property with Belmont Brokerage, contact us at (818) 967-6311 or email brokerage@bbandm.com. Our team will provide a complimentary AI-powered Comparative Market Analysis (CMA), professional staging recommendations, and a customized marketing strategy. We list on the MLS and through our exclusive off-market network for maximum exposure.

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12012 WASHINGTON Place — Los Angeles — 12 Beds • 10 Baths • 7,249 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

+70 more

$3,090,000

40 DOM

$426/sqft12 bd10 ba7,249 sqft

Call

12012 WASHINGTON Pl Los Angeles, CA 90066

7,507sqft lot

$100K Price reduction !!! Invested almost $600K to upgrade 8 Unit out of 10 Unit. ( Kitchen, bathroom and windows , electric panel, earthquake retrofitting, interior & exterior paint, security camera.... 10 units apartments building at heart of Palms-Mar Vista. Unit mix of (2) studio, (5) 1+1, and (3) 2+1. 6 covered parking . Exiting Storage can be converted to extra parking space. Community laundry room. Best location !!! 8 minutes to Venice pier, 2 minutes to 405 Fwy. Showing available 2 units as sample ( 2+1 and 1+1 ) due to vacant. Don't miss this rare investment opportunity with about 48% rental upside. Great potential for new owner !!!!!

MLS 26660845

213-380-8600 (Office) 310-570-6542 (Cell) JaeKang1985@gmail.com

Est. payment

$19,745/mo

Principal & interestTaxesInsurance

$15,625$3,219$901

Down %

Rate %

Years

Down payment: $618,000 · Total cost: $6,242,900

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$19,745/mo

Principal & interest: $15,625
Est. property tax: $3,219
Est. insurance: $901
Down payment: $618,000

Est. gross rent$12,875/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-6,870/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Mar 6, 2026	$3,190,000	—

Facts & Features

Transaction Data

▼Price Reduced from $3,190,000 (−$100,000)

Structure & Property

Year Built1951

213-380-8600 (Office) 310-570-6542 (Cell) JaeKang1985@gmail.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

12012 WASHINGTON Place, Los Angeles, CA 90066

Get Directions

Call

12012 WASHINGTON Pl Los Angeles, CA 90066

About this home

Jae Kang

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Jae Kang

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.

12012 WASHINGTON Place, Los Angeles, CA 90066

About This Property

Property Photos

12012 WASHINGTON Pl Los Angeles, CA 90066

About this home

Jae Kang

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Jae Kang

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.